Quarterly report pursuant to Section 13 or 15(d)

Related Party (Tables)

Related Party (Tables)

6 Months Ended

Jun. 30, 2020

Convertible Notes Payable

Schedule of profit share liabilities

The following are the changes in the profit share liabilities during the six months ended June 30, 2020 and 2019.

Profit Share as of January 1, 2020		$	2,328,845
Addition			-
Gain on change in fair value of profit share			(252,390	)
Profit Share as of June 30, 2020		$	2,076,455

Profit Share as of January 1, 2019		$	-
Addition			1,954,383
Loss on change in fair value of profit share			143,272
Profit Share as of June 30, 2019		$	2,097,655

Schedule of Unsecured notes payable

		June 30,				December 31,
		2020				2019
Unsecured note payable		$	13,154,931			$	13,154,931

Less discounts and debt issuance costs			(4,257,256	)			(5,243,033	)

Total unsecured note payable			8,897,675				7,911,898

Less current portion			-				-

Unsecured note payable, net of current portion		$	8,897,675			$	7,911,898